Bryn Mawr Capital Management LLC Decreases Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Bryn Mawr Capital Management LLC trimmed its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 98.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,925 shares of the technology company’s stock after selling 141,421 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Hewlett Packard Enterprise were worth $41,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its position in Hewlett Packard Enterprise by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 31,492,740 shares of the technology company’s stock worth $642,748,000 after purchasing an additional 251,076 shares during the period. Pacer Advisors Inc. boosted its position in Hewlett Packard Enterprise by 18.1% during the 3rd quarter. Pacer Advisors Inc. now owns 27,383,858 shares of the technology company’s stock worth $560,274,000 after purchasing an additional 4,194,213 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Hewlett Packard Enterprise by 6.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,696,449 shares of the technology company’s stock worth $321,149,000 after purchasing an additional 921,624 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Hewlett Packard Enterprise by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,609,078 shares of the technology company’s stock worth $196,602,000 after purchasing an additional 129,463 shares during the period. Finally, Nordea Investment Management AB boosted its position in Hewlett Packard Enterprise by 35.1% during the 4th quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company’s stock worth $155,142,000 after purchasing an additional 1,885,559 shares during the period. 80.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HPE has been the subject of a number of analyst reports. Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $23.00 to $28.00 in a research report on Thursday, December 5th. Raymond James raised shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and upped their price objective for the company from $23.00 to $29.00 in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Thursday, December 19th. Stifel Nicolaus upped their price objective on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, Barclays upped their price objective on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $24.00.

Insider Buying and Selling

In related news, EVP John F. Schultz sold 262,818 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the sale, the executive vice president now owns 270,430 shares in the company, valued at $5,846,696.60. This represents a 49.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gary M. Reiner sold 50,000 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $23.47, for a total transaction of $1,173,500.00. Following the sale, the director now owns 104,192 shares in the company, valued at approximately $2,445,386.24. This trade represents a 32.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 332,166 shares of company stock worth $7,300,629 over the last quarter. 0.36% of the stock is owned by company insiders.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $21.17 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $24.66. The company’s 50-day simple moving average is $21.95 and its 200-day simple moving average is $20.61. The stock has a market capitalization of $27.80 billion, a price-to-earnings ratio of 11.14, a PEG ratio of 2.03 and a beta of 1.19.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Friday, December 20th were paid a dividend of $0.13 per share. The ex-dividend date was Friday, December 20th. This represents a $0.52 annualized dividend and a yield of 2.46%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 27.37%.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.